Taupo-based moulded wood products manufacturer Tenon is due for further share price growth as preparations made for the recovery of the US housing market start to bear fruit, says Edison Investment Research in a new report on the company. With 87 percent of its sales in North America, Tenon has struggled with losses in recent years with the high kiwi …

Fonterra Cooperative Group, which was embroiled in a false food safety alarm last month, is seeking to double its Chinese milk production in China with plans for a second farming hub in the Shanxi Province. The world’s biggest dairy exporter plans to develop five 3,000-cow farms in Ying County, doubling its Chinese milk production to an annual 300 million litres, …

Wall Street gained amid optimism that a US-led military strike against Syria might be avoided and as China produced more signs that its economy is gathering steam. President Barack Obama told ABC News that a US attack “absolutely” would be put on hold if Syrian President Bashar el-Assad would give up the country’s chemical weapons. Even so, “I don’t think …